Malaysia Hotline: +603- 2141 8908
One
of the key concerns for SMEs and business entrepreneurs who wish to establish a
business is zeroing in on an ideal jurisdiction for their company
incorporation. To make an informed choice, learn about the basic incorporation
requirements and compliances in Singapore Vs Malaysia.
Minimum
Statutory Requirements
Singapore
- A local registered
address (commercial or residential but no PO Box).
- At least one local
resident director (a Singapore Citizen, a Singaporean Permanent Resident, a
person who has been issued an Entrepass, Employment Pass, or Dependent Pass)
and unlimited maximum number of directors.
- A local resident and
qualified company secretary who is a natural person and not a corporate.
- A minimum of 1 and
maximum of 50 shareholders. A director and shareholder can be the same or
different person. A shareholder can be an individual or corporate.
- Minimum paid up
capital of SGD 1.00. No authorized capital required.
Malaysia
- A local registered
address.
- At least two local
resident directors (a Malaysian Citizen or a Malaysian Permanent Resident, a
person who has been issued an Employment Pass) and unlimited maximum number of
directors.
- A local resident
company secretary who is a natural person and not a corporate. The company
secretary must either be a member of a professional body prescribed by the
Minister of Domestic Trade and Consumer Affairs; or licensed by the Companies
Commission of Malaysia.
- A minimum of two
shareholders and maximum of 50 shareholders. A director and shareholder can be
the same or different person. A shareholder can be an individual or corporate.
-
A minimum authorized capital of RM 100,000 and paid-up Capital of RM 2.00.
Annual
Filing Requirements
Singapore
- Annual returns along
with audited annual accounts must be filed with Companies Registrar within 1
month of the Annual General Meeting.
- Tax returns along
with audited accounts must be filed with the Inland Revenue Authority of
Singapore by 31 October each year.
Malaysia
- Annual returns along
with audited annual accounts must be filed with the Companies Commission within
1 month of the Annual General Meeting.
- Tax returns along with audited accounts must be filed
with the Inland Revenue Board of Malaysia within 6 months of the financial year
end.
Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours Hong Kong hotline：86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my